Microsoft alleged to have misled customers

According to the complaint, Microsoft Corporation (NASDAQ:MSFT) purposely provided misleading information in connection with the sales of its Surface RT tablets. It was filed in Massachusetts on behalf of Microsoft Corporation (NASDAQ:MSFT) shareholders who owned the stock between April 18 and July 18. The press release issued by the law firm today indicates that it is seeking a lead plaintiff for its class action suit.

According to the firm, the details provided by Microsoft regarding sales for its Surface RT tablets during the March quarter were false and misleading. The complaint alleges that Microsoft management purposely led investors to believe that sales of the tablets were going better than they actually were.

In the June quarter, Microsoft recorded a $900 million write-down for the Surface RT tablets. After that announcement, the firm says Microsoft’s shares saw their biggest decline in more than four years.

Microsoft is just the firm’s latest victim

Mary Jo Foley of CNET notes that this same firm has been filing a number of class-action suits against other companies. Its site shows pending suits against 10 other companies. The suits are pretty similar to each other. All of them claim that public companies purposely misled investors regarding their financial statements.